8box Solutions Inc.


Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE MEMORANDUM ORDER NO. 23-2012 issued on September 24, 2012 modifies the description of Alphanumeric Tax Code (ATC) for Foreign Insurance Premiums, to wit: ATC Tax Rate Legal Basis ATC Tax Rate Legal Basis WB120 10% RMO 25-2002; Sec. 124 of WB120 4% Section 1 of RA No. 10001 1600/ 2307 RA No. 8424 EXISTING (per ATC Handbook) BIR Form No. MODIFIED/NEW Tax on agents of foreign insurance companies Description Payments made to Agents of Foreign Insurance Description